Exports of manufactured goods increased by 34% to $65.69 billion, mining exports rose 71% to $2.08 billion, and agricultural exports edged up 0.1% to $2.23 billion.
The European Commission proposed legislation for the deal in September 2025, which will remove tariffs on exported goods such as EU cheese and seeks to enhance cooperation on raw material supply chains.
The U.S. energy storage industry installed a record amount of capacity in the first quarter as utilities seek greater grid stability and lower costs amid rising demand for electricity.
U.S. PCE inflation figures will likely mark the highlight among economic data due in the coming week as investors increasingly anticipate that the Federal Reserve’s next move will be to raise interest rates.
Christopher Waller said holding rates steady will likely be the right course for the foreseeable future, and he can no longer rule out rate hikes down the road if inflation does not ease soon.
Higher gasoline prices and the tense standoff in the Middle East helped push consumer sentiment to a new all-time low in May, with rising anxiety about future inflation, according to the University of Michigan’s monthly survey.
Consumer confidence in Germany improved a little on the back of a recovery in income expectations, but the impact of the war in Iran was still being felt.